Yes and no. According to those who did jailbreak their iPod Touch, they say it is safe to do it. Though, the hardcore facts say that is isn't safe because it voids your warranty, and could cause software corruption in your iPod and could possibly make your iPod useless. It is a risk to jailbreak your iPod Touch, but according to those who did it, if you do it correctly it is safe.
As of today (November 24th, 2010), jailbreaking an iPod Touch is not illegal. Is it 100% safe? No.
It is up to you. No matter what you have on your ipod will become messed up when Jailbreaking...
Jailbreaking an iPod could either be a success or a failure (meaning your iPod could break). It's your decision, but a risky one.
I think that many people are finding the most jailbreaking software for their ipod.
No it's quite safe to jailbreak the iPod touch and the iPhone. Jailbreaking is the process of opening up the iPhone or the iPod Touch up for installation of 3rd party applications. Following jailbreaking you can simply restore your device in iTunes at anytime to get it back to a factory state.
Yes, jailbreaking does void the warranty.
you cant
no
Yes
It is illegal.
jailbreaking the ipod touch is legal. But if you use the tool that gives you all apps free it is illegal.
You cannot get all apps for free without jailbreaking an iPod Touch. It is not possible.